Apple Q3 Report: Revenues Up, Profits Beat Estimates, Non-Mac Sales Attributed

The fiscal 2003 third quarter financial results that were announced today showed Apple Computer exceeding its revenue target despite the rough economic climate. The computer maker showed a net profit of US$19 million, or $.05 per diluted share compared with a net profit of $32 million, or $.09 per diluted share during the 2002 third quarter. Revenues increased 8 percent from last year to $1.545 billion and gross margins were 27.7 percent, up from 27.4 percent in the year-ago quarter. Though Apple's profits were down from the year ago period, the company beat consensus estimates of $.03 per share

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